Zacks Investment Research upgraded shares of Williams Companies, Inc. (WMB) from UNDERPERFORM to NEUTRAL on January 14, 2015, with a target price of $43.00.
We are upgrading our investment thesis on Williams Companies to Neutral from Underperform. The midstream assets of the company generate a steady flow of revenues as these are less sensitive to commodity prices. Williams has also designed Hillabee Expansion Development in order to expand the capacity of its Transco pipeline system in Alabama. Once the project comes online, Williams will be able to carry significantly more natural gas that will serve the electricity-generation needs of four million American households. However, we remain worried as the company has a high debt burden, which might restrict its near-term growth prospects.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on Williams Companies, Inc. (WMB),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment